Romania’s antitrust body has cleared a transaction allowing oil and gas company OMV Petrom to outsource certain maintenance, harbour operations and other related services to GSP Offshore along with the transfer of assets and employees of the Petromar production area.

After receiving the awaited approval of the Romanian antitrust regulator OMV Petrom will outsource maintenance operations, port operations and related services, together with the related assets and employees of Production Zone X – Petromar, to the Romanian company GPS Offshore.

As a reminder, OMV Petrom and GSP Offshore have signed a framework contract for the provision of integrated offshore services of installations and equipment of small perimeter Istria, an 8-year contract awarded following a public procurement procedure with an estimated value of over RON 1bn. As a general contractor, GSP Offshore will be responsible for integrating a range of services including onshore and offshore operations and maintenance, as well as port operations, shipping, aviation and other support services. The project is scheduled to start in the second half of 2019.